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Tag Archives: regional economic outlook

Chart of the WeekEurope’s Wage-Price Puzzle

By Richard Varghese Does higher wage growth fuel inflation? In Europe, that has historically been the case. But the link between wage growth and inflation has weakened in recent years amid low inflation expectations, robust corporate profitability, and strong competitive pressures. The price of labor—namely wages—is rising at a robust pace, especially in the European Union’s newer member states. Yet, surprisingly, inflation has barely risen. We set out to shed light on this puzzle in...

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Chart of the Week: Words Count for Central Bank Communications in Latin America

By Juan Yepez  October 15, 2018  Effective central bank communications are essential in guiding market expectations (photo: lionvision/iStock) When it comes to central banks in Latin America, sometimes words can speak louder than actions. This is because the public and investors rely on central bank communications to make economic and financial decisions. So, clear and consistent communications from a central bank about policy decisions and the economic outlook are essential to guide...

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Chart of the Week: Oil Prices & Energy Subsidies

By IMFBlog November 27, 2017 Universal fuel and energy subsidies have been prevalent in sub-Saharan Africa, but they have substantial drawbacks (photo: Reuters/Newscom). Reforms in some mostly oil-exporting countries, along with lower international fuel prices since 2014, have reduced the size of fuel subsidies in sub-Saharan Africa, and they need to do more  given the recent rise in international fuel prices. Universal fuel and energy subsidies have been prevalent in sub-Saharan...

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Navigating Through Global Cross Currents: Latest Outlook for Latin America and the Caribbean

By Alejandro Werner Versions in Português (Portuguese), and Español (Spanish) The global landscape has changed since our last update in October 2016. These changes have been mainly shaped by: An anticipated shift in the U.S. policy mix, higher growth and inflation, and a stronger dollar. In the United States—while potential policy changes remain uncertain—fiscal policy is likely to become expansionary, while monetary policy is expected to tighten faster than previously expected because of...

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